{"id":3659,"date":"2024-07-06T09:33:14","date_gmt":"2024-07-06T09:33:14","guid":{"rendered":"https:\/\/news.godj.com\/news\/lean-times-hit-the-vertical-farming-business\/"},"modified":"2024-07-06T09:33:14","modified_gmt":"2024-07-06T09:33:14","slug":"lean-times-hit-the-vertical-farming-business","status":"publish","type":"post","link":"https:\/\/news.godj.com\/news\/lean-times-hit-the-vertical-farming-business\/","title":{"rendered":"Lean times hit the vertical farming business"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">A long list of other vertical farms have run into trouble in recent months.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">French firm Agricool went into receivership earlier this year, Pennsylvania-based Fifth Season shut down in late 2022, Iron Ox of California has laid off nearly half its workforce and Infarm has closed its operations in Europe &#8211; making 500 staff redundant.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;Infarm has decided to shift its geographical focus from Europe to high-potential regions better suited for indoor farming, with low energy prices and healthy market demand,&#8221; the company says in a statement.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Besides the major economic challenges that have hampered many industries during the last few years, within vertical farming a debate rages over the extent to which some companies may have set themselves up for a fall.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;My opinion is that we&#8217;ll continue to see failures. It is bad,&#8221; says Andrew Lloyd, chief operating officer at Intelligent Growth Solutions, which makes equipment for vertical farms. &#8220;Many people are growing the wrong crops, they&#8217;re very heavily focused on leafy greens.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">He also argues that some have foolishly attempted to design and build their own technology &#8211; such as robots that tend to the baby plants as they develop. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">That might sound like too easy a riposte for someone who sells such technology himself but Mr Lloyd does make a good point, says Mark Lefsrud at McGill University in Canada, who consults for the industry.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;I&#8217;ve seen to the extreme where one company redeveloped their own pipe,&#8221; he says. &#8220;Literally just a plastic pipe to transfer water through.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;I was like, &#8216;I think the pipe has been developed&#8217;.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">What people don&#8217;t often hear about vertical farming, though, is how an ability to care for plants, regardless of what technology you use, really matters, adds Mr Lefsrud.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">He says he has occasionally been called in by firms fretting over copious trays of crops that have started to die.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;You need somebody who&#8217;s going to be full-time,&#8221; he has told them, explaining that farming means giving constant attention to living things &#8211; not just firing up a few gadgets and waiting for the profits to roll in argues Mr Lefsrud.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;You have to be growing them properly all the time. You can&#8217;t go, &#8216;I&#8217;m not gonna work this weekend because I want to have a party&#8217; &#8211; and all the plants die on you. Which I&#8217;ve seen repetitively,&#8221; he says.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-66173872?at_medium=RSS&#038;at_campaign=KARANGA\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A long list of other vertical farms have run into trouble in recent months. French firm Agricool went into receivership earlier this year, Pennsylvania-based Fifth Season shut down in late 2022, Iron Ox of California has laid off nearly half its workforce and Infarm has closed its operations in Europe &#8211; making 500 staff redundant. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3660,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[58],"tags":[2253,2726,129,2724,1127,2725],"class_list":["post-3659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology-of-business","tag-business","tag-farming","tag-hit","tag-lean","tag-times","tag-vertical"],"_links":{"self":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/3659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/comments?post=3659"}],"version-history":[{"count":1,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/3659\/revisions"}],"predecessor-version":[{"id":3661,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/posts\/3659\/revisions\/3661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media\/3660"}],"wp:attachment":[{"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/media?parent=3659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/categories?post=3659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.godj.com\/news\/wp-json\/wp\/v2\/tags?post=3659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}